are the housing markets with the smallest gain. linda, detroit. orlando. detroit is interesting. >> it is. obviously, it is a city that has been hollowed out by the population. detroit and cleveland, a lot of those cities, simply they are not going to have the population growth and income growth really to support higher housing prices. it's just going to kind of stay in the dumps. >> one of the expertise i spoke to says there could be as much as a 10% gain. when this thing turns, it is really going to turn. you're going to wish that he would have been in this. >> part of that is because we have tremendous pent-up demand for new homes. we have had this depletion of new household formation and people doubling up. once it gets moving, many documents are created as you sell a home. once you're are able to sell the one you're sitting on, it has a little bit of a momentum effect. i'm wondering if things are going to get a little looser with their standards as to who they will hand out loans to. >> the biggest things are dealing with the backlog of not just foreclosures or potential fo

suburban detroit. cops taking soil samples from beneath the concrete after he may, may, may have seen someone bury the teamster leader this 30 years ago according to the witness. the case has been a mystery since the disappearance in 1975 and seen outside a restaurant near detroit. his body never turned up. there have been new leads. in 2004 they tore up the floors of a home in detroit. nothing. in 2006, acts tore down a barn in michigan following a fairly credible tip. nothing. in 2009 the f.b.i. dug around a lumberyard in michigan. again, nothing. today, they are looking under a driveway. again, they will find...trace covering it from los angeles. trace? >>trace: the tipster is actually dying of cancer. they will not i.d. the guy. they believe the reason this guy thinks that hoffa is buried beneath the driveway is he is assuming it is hoffa because he disappeared about the same time that somebody was buried beneath that driveway. the police say their source did not only bellish the story at all and although the timeline could be a little bit off, overall, they think he is prett

whhetedem critical time. >> when my opponent said we should just let detroit go bankrupt, that would have meant walking away from an iustry that supportone in eight ohio bs. it supports businesses in 82 of 88 ohio counties. so when he said that, i said, no, i'm going to bet on america. i'm betting on american workers. >> ohio's 7.2% unemployment rate is dectllink to e au uee . romney's campaign will live to regret "let detroit go bankrupt," that editorial, that of courshe penned in detroit newspaper. according to cnn, a longtime gop strategist called obama's adntage on t aobilloan ckthanor romney campaign. you can fill in the blanks for yourself. i think you know what he said. romney is also still struggling to undo the damage done by ads highlighting his record at bain capital. csodhewaincampaign and ser ohio with ads, pushing romney's anti-working man image. one particular ad was especially damaging. >> out of the blue one day, we were told toui a 30-foot stage, gathered the guys, and we built that 30-foot stage, not knowing what it was for. just days later, all three shifts were told t

race in the american league central the chicago white sox and detroit tigers entering wednesday's action. chicago hosting cleveland. top of the eighth inning, the indians, first homer the year to put cleveland up 6-4. that's the final score. detroit can take sole position of first place. after a solo shot in the fourth detroit comes back. two-run homer. makes it 4-3. later in the inning, austin jackson tie it up here. that's a solo home run. we go the eighth inning, looks like detroit, hits it and into an inning ending double play. and the go ahead run comes home. tigers win it 5-4. in the national league the cardinals trying to hang on for the second wild card spot. but the astros complicates those plans. houston breaks a ten game losing streak against the cards with a 2-0 win. former cy young award winner gagne has leveled serious accusations against his teammates. he claims 80% of his teammates on the l.a. dodgers were using performance-enhancing drugs. but he didn't name any names. in 2010 he publicly admitted to using human growth horse monies. he said it ruined hit health, t

off question tonight. he told thousands of supporters in detroit the answer is simple. here, listen. >> do you want to know whether we are better off? i have got a bumper sticker for you. usama bin laden is dead and general motors is alive. >> shepard: romney campaign is responding unemployment remains high, income has fallen and gas prices have doubled. americans are not better off than they were four years ago and they deserve a president who recognizes that that from the romney campaign today. the secret service has reportedly recovered a stolen truck that was caring equipment for vice president's visit for detroit. the u-haul vanished yesterday from a hotel parking lot. our local fox station reports carrying metal detectors and no weapons of any kind. a secret service person tells the detroit news newspaper that agents found the truck today in another parking lot about three miles away. he will not say whether the equipment was still inside that truck. now detroit police have released these pictures showing a, quote, person of interest. you can see him there in the green shirt.

perino said, it's a sign that detroit continues to adopt and evolve and address the change in consumer tastes and attitudes. and i think that they're adapting well. that was seven months before president obama took the oath of office. the wheels were in motion. the wheels of bankruptcy were already in motion for the entire automobile industry, and there were no takers. general motors had cut 71,000 jobs since 2008. general motors had lost more than $54 billion since 2005. now, on november 18th, just several months after that quote from dana perino, mitt romney wrote infamously in the detroit free press, let detroit go bankrupt. in other words, let them die. the engine, one of the biggest engines of the united states economy was told, you're on your own. get out of here. the republicans still can't decide what they want to this day. ryan actually wanted the president to micromanage a plant that closed before he took office. at the same time, romney and other republicans wanted to liquidate the entire industry. >> it could have gone back more effectively and sooner had they take

is everything there. you're talking now t just detroit but what percentage owe their success to the american auto industry? >> $850,000 850,000 jobs are connected directly or indirectly with autos. it's not just the plant that makes the chef chevies in youngs town but it's the machinists that fix cars and the people who drive the trucks that move the car parts or trucks around. it's a zillion car parts manufacturers and the chevy, much of is it made in ohio, from the transmission to the windows to the steel. it's clear when we fought for the auto rescue, that was all about jobs in ohio and that's really governor romney and my opponent's problem. they don't though how to back off that. >> the guy up against you, mandela, he was against the auto rescue, right? >> well, he called me unamerican for supporting it so i guess you would come to that conclusion, yeah. >> i think you're going to like this ad, senator. trying to portray romney successfully as a businessman that cares more about the bottom line than the average men or women out there working. let's look at this ad. >> out of th

some of these other folks said which of the detroit go bankrupt, when this abbas to walk away from an industry that supports one in eight jobs in ohio, i said we are not going to go that way. i'd bet on american workers and three years later, the american auto industry has come roaring back with nearly 250,000 jobs. now you have a choice. we can give more tax breaks to corporations that ship jobs overseas or we can start rewarding corporations and companies that offer up new plants and for our creating new jobs might here in ohio, right here in the united states of america. right here. i understand my opponent has been running around ohio. crowd: boo! don't boo, vote. vote. but he has been running around ohio claiming he is going to roll up his sleeves and take the fight to china. [laughter] now, here is the thing -- his experience has been owning companies that were called pioneers in the business of outsourcing jobs to countries like china. he made money investing in companies that up routed from here and went to china. pioneers. ohio, you cannot stand up to china when all you have

and a 30-tablet free trial. >> he was willing to let detroit go bankrupt. i don't think he understood that saving the automobile worker, the saving the industry, what it meant to all of america, not just auto workers. i think he saw it the bain way. i mean this sincerely. i think he saw it in terms of balance sheets and write-offs. >> for more on the bain way, i'm joined by the author of the rolling stone cover story greed and debt. the true story of mitt romney and bain capital. matt taibbi contributing editor for "rolling stone." what is the bain way? >> private equity firms in general. when they take over companies, they borrow massive amounts of money that the company has to pay back. so you're essentially borrowing against the assets of a company that you don't even yet. so when he tax about debt and borrowing money what you don't have, that's exactly what he did for years. his model is similar to those no money down mortgages where you put down 5%, 3% and you get the house. >> but they're planning to sell. they're not planning to live in the house for very long. they're planning

and thunderstorms this afternoon. detroit, chicago getting some of the activity, chicago especially this afternoon. dallas as well. quiet from seattle to phoenix and l.a. my volt is the best vehicle i've ever driven. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ if we want to i absimprove our schools...volt. ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. conquer your busy day. ♪ burn let's do it. come on jenni. ♪ thank you. [ cellphone rings ] workin on it. ♪ hi. hi. how are

bailout working when mitt romney said detroit should go bankrupt. you're going to hear about ending the war in iraq. he's going to say that thing about every american getting a fair shot and every american doing our fair share and everybody playing by the same rules. i mean, if you are a fan, a fan enough to go to a speech like this, you likely know what you are going to hear in broad strokes. but today -- today on the campaign trail, there was this moment in ohio where the crowd totally thought that president obama was going somewhere that he was not actually going. they started to audibly react as if he was talking about something that they pretty clearly really wanted him to talk about. but he was not going where they thought he was. listen. >> now, there was one person that governor romney's convention last week who wasn't entirely on script. no, no. >> no, no. the crowd is sort of half booing and half starting to applaud in a little excitement that president obama is about to talk about the off-script guy from last week, right? he's going to talk about this clint eastwood thing fro

detroit, ohio. what percentage of your workers, men and women, owe their jobs directly or indirectly to the success of the american auto industry? >> the center for automotive research in detroit said 850,000 jobs in a state of 11 million people, ohio, 850,000 jobs are connected directly or indirectly with autos. it's not just the plant that makes the chevy cruise in youngstown or the plant that assembles the jeep wrangler in liberty, in toledo, it's the supply chain, the auto dealers, the machinists and people that fix cars, the people that drive the trucks that move the car parts and the cars around. it's a zillion car parts manufacturers. the chevy cruise, for example, much is made in ohio from the glass -- or from the transmission to the wheels to the steel. one thing after another. it's clear that when we fought for the auto rescue, that that was all about jobs in ohio. that's really governor romney and my opponent's problem is they oppose the auto rescue. they don't quite know how to back off that. >> well, where is -- the guy up against you, mandel, he was against the auto bailou

in 25 years. it would be the first big city school strike in the u.s. since detroit teachers walked off the job for 16 days back in 2006. so they have until monday to get this all figured out. >> that seems like a lot to ask of people from within a community to come in and help them with this. i guess they don't have a choice. >> it kind of sounds like it. like i said, monday. hopefully, they get things worked out before that. >> when we come back, we'll talk about this t could cost you more to drive on one popular local roadway. details of the plan to increase fares on the dulles toll road. >> we'll tell what you you can voice your opinion coming up. now, let's check in with tucker. >> they never vote to decrease prices on anything, do they? >> no, they don't. the weather is warm and humid today. showers and storms back in the forecast. we'll have a look at traffic too with julie wright after the break. anncr: it'll start out as concrete and steel... but it'll become so much more. a new world-class resort casino in prince george's county. two thousand construction jobs to build it.

philadelphia, detroit, and cleveland have shifted from republicans to democrats cents. what we saw in 2008 were places like northern virginia, charlotte and raleigh and the denver follow them. this is why those states are following them. michael been won 60% of college white women in 2010. it was not just hispanics. it was socially liberal white women in the suburbs. obama today, he is at 58% among college white women in denver, colorado. >> abortion is a high intensity issue of both sides of the debate. it is important to think about. >> -- on things like defunding plan. a. at republican in doorstep. i agree. abortion. is what it is. you have this divide. contraception came in and a way that was not previously -- all of this is allowing obama to hold his vote among those women, despite -- feingold change that. the democrats posted the first wave of campaign finance regulations, having to rely an upper middle-class voters. that shapes what is the issue mix that campaign spending the most time on. >> immigration is not an issue that is a court-based, republican conservative issue. ther

detroit. >> they view you, the working women and men of america, as the problem. we view you and know you to be the solution in america. >> reporter: but as democrats hammered republicans on the road gop vice presidential candidate paul ryan responded in their own convention state of north carolina. >> we can either choose to stay on the path that we are on, a path of debt, a path of doubt and decline, a path of joblessness or we can get things turned around. >> reporter: the dnc meanwhile moves outdoors thursday when president obama accepts the nomination in the 74,000 seat stadium of the nfl's carolina panthers. joining us live from the democratic national convention in charlotte fox 5 political analyst mark plotkin. mark, let's get right to it. we'll start in d.c. everybody knows mayor vincent gray has had political problems here n the district. how is he being received among democrats in charlotte? >> he's a bit late. wasn't there this morning at the morning -- he wasn't there this morning at the morning delegation meeting where chair party person wasserman schultz showed up.

the watts company, elroy worked for governor john engler of michigan. he, like me, is from detroit michigan and is a graduate of moorehouse college. thank you, elroy. [applause] >> next, albert sanders jr. come on down. albert sanders jr. is counsel to the united states committee on the judiciary. he's a principal legal and policies adviser, the assistant majority leader to senator deck durbin from illinois, chairs the committee on constitution, civil rights and human rights. he offers counsel on issues ranking from privacy, finances reform and he was named to the luke's 21 under 40 list. mr. sanders earned his become a. in political science from moorehouse college in 2001, there after, completed a certificate at wharton business school, while getting his law degree from the university of pennsylvania, where he was president of the path in 2004. he's a member of the state bar of california and the district of columbia bar. [applause] >> andre d. washington, senior sociology major from hinesville, georgia, who currently serves as the 81st student association government president for

vice president joe biden's trip to detroit was stolen. the secret service confirmed the theft outside a hotel yesterday. an agency spokesman said there was no weapon inside. equipment later recovered at a building. the truck found this morning and then searched by police. the vice president scheduled to speak at a rally and attend a parade in detroit. >>> he is not old enough to vote; but a high school senior froms agoryia, virginia the youngest delegate at last wok's republican convention. he'll be 18 before election day, eligible to serve and vote as a delegate. evan drain joins. great to see you, thanks for being here. >> thank you very much for having me. >> so many people don't get involved in the political process at such a young age. what inspired you and how did you become a delegate. >> became dell got by running in congressional district, which is virginia's 8th congressional district. ran a campaign for four months reaching out to voters. the reason able to win was that vert in my district recognized younger voters were affected by the president's policies and the negative

said let detroit go bankrupt. [crowd booing] in strong contrast, president obama took action, putting together a rescue team, demanding real change and real sacrifice. from everyone involved, from management, from labor, from suppliers, from debt holders, from dealers. everybody involved. it was not universally popular, but it was absolutely right. [cheers and applause] president obama's strong leadership saved a million jobs. since june of 2009, this industry has added a quarter of a million jobs and the auto industry is thriving again. [crowd cheering] these are good middle class jobs in glass, in plastic, in steel. jobs making things for an economy built to last. and mitt romney's record, at bain capital the corporate buyout firm he founded too often has made their money not by building companies up but by taking them apart. and too often the workers ended up in the streets even as romney and his partners made millions of dollars. earlier this week, we celebrated labor day. people forget what this holiday and why it was created, what this holiday is. it was about safe work places,

place of jimmy hoffa. police will drill beneath concrete in suburban detroit. it shows a teenager aiming a rocket launcher. >> a good way to get around town. we'll check this out. users can navigate their way under water. >> do you mind if i ask you a lot of dumb american questions? >> fire away. >> i love poland. i love the polish people. i like polish hot dogs. i like stripper poles. >> iran's president mahmoud ahmadinejad called for a new world order for western powers. >> everyone will get a mad dictator bobblehead doll. it's a collector's item. ♪ ♪ ♪ >>> welcome to "cbs this morning." national football league officials are going back to work over three weeks of outrage, the nfl and regular reps agreed overnight on a tentative contract. >> the lockout that began in june finally comes to an end tonight. jeff glor is here with how things unfolded. good morning. >> good morning. monday night with the final impetus. this is an eight-year deal and the commissioner says the real refs will be on the field for tonights browns-ravens game. after three weeks of agonizing officiati

a number of districts, detroit for example has seen declinement which is going to affect your per people allocation, so there's a little bit of a squeeze play there in terms of funding and the district -- [inaudible] in a -- so no exaggeration to say there's a bit of a squeeze play with the funding there. host: how much of an increase were they asking for? how much was the mayor willing to go for? guest: so the -- complicated by the fact that the school board rescinded 47 had already agreed upon wages so that plays into the figure the union was asking. again, different figure systems loaded. i've seen anywhere from 19% in the first year alone of a contract to 30% over a four-year period. again, we don't know what actually is in the framework that has been agreed upon by district and union, but teachers, they did want to see an increase. they did want to see some of the wages that had been rescinded, restored, so we're going to have to see how that plays out. host: from new york, noel is an educator. you're on "washington journal." go ahead. caller: yes. i'm in agreement to the tea

have dropped eight of nine. >>> chicago's loss is detroit's gain. jumped out to a 4-0 lead. tigers held on to win it 5-4. >>> finally the mets r.a. dickey picked up his 20th win of the year. everyone is talking about travis snyder. a shot deep to right. he scaled the fence like spider-man and made the grab. cool, calm, collected. snyder hauled it in. that's not only the catch of the day, that is the catch of the year. that's your early look at sports on "early today." have a great weekend. i'm fred roggin. >>> a reality star defends the nail polish that costs more than some home. your early morning entertainment headlines are straight ahead. >>> plus, we'll show you the incredible response some high school students came up with to stop bullying. you're watching "early today." >>> welcome back to "early today." time for your weekend forecast. the thing you need to know for today, this morning, heavy rain moving up through new england especially the first half of the day. later we'll have a rain event developing in texas. it will move across the state. it will take two days. good cha

is detroit's ugistead acaea hiory, struck out nine straight. tigers held on to win it 5-4. >>> and finally, the mets r.a. dickie picked up the 20th win of the year. everybody is talking about travis snyder. a shot deep to ride. snyder tracked it down. scaled the fence like spidman and made thegr coolal acollected. snyder hauled it in. that is not only the catch of the day, that is the catch of the year. that's your "first look" at sports. have a great weekend. i'm fred roggin. >>> and now for another look at your weather, here is bill karins with our favorite forecast. that is our weekd. i. so happy is the weekend coming up. today we're dealing with a rainy morning throughout all of new england. this shield of green is just an area of rain from albany down through the hudson valley and connecticut and massachusetts. you're going to deal with that for your morning commut more hit and miss showers later in the y. thrsf i iefinitely this morning in areas of new england. late this afternoon and another chance of showers around philadelphia and also washington, d.c. the other area of rn

on the side of obama. if you look at the geographical pattern of the vote. 44% in the detroit metro area, president obama had it in 2008. there is not much going on there for mitt romney. there is a three-point increase on the minority voters, seven-point decline among white, noncollege voters, eligible voters. these are huge changes and they go exactly against what is in the interest of the romney team. the romney team in wisconsin. maybe if they thought they would be able to take advantage what they believed to be this conservative white working-class voters by electing nominating paul ryan. they are making some progress, according to the poll, but some progress among white college graduates, but it's not anywhere close to what needs to take place. florida is a state, let's face it, if the romney campaign loses florida, chances of winning the 2012 election are close to zero. if we look at the pattern of support among the white working class, 17 points in 2008. we are not seeing any noticeably eager margin since 2008 among white working class voters. that is also being translated i

he took the case. an african-american physicians and move into a white neighborhood in detroit. it was the summer that the klan had marched down pennsylvania avenue. you might remember the photos from our history books and high-school, all of those folks in white robes walking with the capitol behind them. in detroit a mob gathered pricking the windows of the house threatening its inhabitants. he and his family and friends fired that crowd killing one man and injuring another, there were charged with murder. defending into a grueling trial that spanned seven months for a token fee raised by the naacp. he won the case but was staggered by a heart attack in the summer of 1926 and was never the same. the great theme block -- the long war that he fought in is much to the courtrooms and cases was the defense of individual liberty from the relentless crushing and personal forces of modernity. no era of the world has witnessed such a rapid concentration of wealth and power as this one. history furnishes about the lessons of the inevitable result . liberty produced prosperity and this pros

detroit home on friday to see if jimmy hoffa is buried at the site. a tipster told police a body was buried there around the time the teamsters' union chief vanished 37 years ago, however, the tipster never claimed it was hoffa's body. >>> a robbery caught on tape in florida. the fbi searching for several men who stormed the saks fifth avenue store an hour before closing. they robbed customers plus took money and jewelry from the store. >> and meet starship, the puppy. she has an enlarged esophagus and must have all her meals in a custom-made high chair to help the food go down easier. starship is looking for a loving home. she's up for adoption in greenville, south carolina. >> very cute. that's very sad, though. she has to look up like that. let's hope she finds a home. >>> coming up, the phenomenon of bagel heads. maybe you have seen this online. you got to see it for yourself. i can't even describe it. we got video. the "ridiculist" is next. >>> all right. time now for the "ridiculist." i don't know what's up with "ridiculist" fare lately but it's been a wild ride. earlier this w

, go ahead. >> and be specific. >> be specific. a former staffer telling the detroit free press that after seeing the newly surfaced clip, granholm said she laughed so hard her stomach hurt. >>> one question you hear on the campaign trail, are you better off than you were four years ago about that today flash book. four years exactly to september 15th, 2008. >> on the broadcast tonight, meltdown. the american financial system is rocked to its foundation as top wall street institutions top he will under a mountain of debt. coming up tonight, how did it happen. what's next. and how safe is your money. and today wall street had one of its worst days on record. average lost 504 points on the day's trading. one of the largest point drops in history. nasdaq was down more than 81 points. s&p lost 59 points in today's trading. >> our economy i think still the fundamentals of you're economy are strong, but these are very, very difficult times. >> many have cited that remark from senator john mccain about the country's situation as a key turning point in his campaign, especially since it came